40 Barker Street,
East Brisbane, QLD
Inner City Cash Cow on 810m2 Land HoldingSuperbly located in the prestigious Churchie precinct is this fantastic opportunity to secure a solid investment of an entire block of four flats approximately 2kms from Brisbane CBD.
Sensationally positioned on 810sqm block on two lots in a quiet tree lined street, these 3 x 2 bedroom and 1 x 3 bedroom flats are tenanted, providing a gross income of approximately $71,000 per annum. Ideal for super funds and investors with the opportunity to further improve to achieve a higher rental return.
There is also a unique and rare opportunity to re-instate this Queenslander into an innovative architecturally designed family home. The sky is the limit here!!
Either way you are guaranteed to reap the rewards from this fantastic opportunity well into the future.
Dedicated laundries and drying courts
Storage to each flat
Kitchens and bathrooms have been updated
Each flat has front and rear access
Open plan living areas
Private courtyards to flats 1, 3 and 4
The lifestyle pleasures of East Brisbane are at your doorstep. Just a short stroll to the iconic Gabba Cricket Ground, Churchie Boys' School, bus transport, Mowbray City Cat Terminal, local parks and fabulous array of cafes, restaurants and wine bars is where you find this blue chip property.
40 Barker Street is an excellent location providing you with immediate access to Brisbane airport and local amenities via the Clem 7 tunnel.
This is your opportunity to acquire one of the best investment opportunities available on the market.
Extremely motivated sellers have instructed us to take this property to Auction with clear instructions to sell on Auction day, if not SOLD prior.